Throughout 2022, PT Saka Energi Indonesia recorded revenue of US$611.5 million, up 69.0% year on year, mainly driven by higher lifting volumes and commodity prices. Average daily production increased 15.0% to 33.4 mboepd, supported by strong performance from the Pangkah PSC. Total lifting rose 19.8% to 10.5 mmboe. SAKA reported net income of US$86.2 million and operating cash flow of US$422.3 million. Year-end cash reached US$407.7 million. The company also continued liability management through bond repurchases, reducing the outstanding bond balance to approximately US$376 million.
